Grant of options and PDMR notification

RNS Number : 4897T

Purplebricks Group PLC

06 January 2017

 

Purplebricks Group plc

("Purplebricks" or the "Company")

Grant of options and PDMR notification

Purplebricks Group plc (AIM: PURP), the hybrid estate agent providing a new way to buy, sell or let property, announces that on 4 January 2017 options to subscribe for 600,000 ordinary shares of £0.01 each in the Company ("Ordinary Shares" and the "Options") were granted to certain persons discharging managerial responsibilities. The Options have been granted under the Employee Share Option Plan and have an exercise price of £1.4025, being the closing price for the Ordinary Shares as at 4 January 2017.

James Kydd, Director of Marketing, has been granted 500,000 Options and David Kavanagh, Chief Technology Officer, has been granted 100,000 options.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1.    James Kydd 2.    David Kavanagh
2	Reason for the notification
a)	Position/status	1.    Director of Marketing 2.    Chief Technology Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Purplebricks Group plc
b)	LEI	(Pending)
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of £0.01 each ISIN: GB00BYV2MV74
b)	Nature of the transaction	1.    Grant of options 2.    Grant of options
c)	Price(s) and volume(s)	Exercise Price No. of shares 1.   £1.4025 2.   £1.4025 1.   500,000 2.   100,000
d)	Aggregated information - Aggregated volume - Price	Volume: 600,000 Weighted average price: £1.4025
e)	Date of the transaction	4 January 2017
f)	Place of the transaction	London Stock Exchange, AIM

For further information, please contact:

Purplebricks Michael Bruce, Chief Executive Neil Cartwright, Chief Financial Officer	[phone]
Zeus Capital - Nominated Adviser Nicholas How (Corporate Finance) Pippa Underwood (Corporate Finance) Ben Robertson (Corporate Broking)	[phone]
Investec - Joint Broker Keith Anderson Carlton Nelson	[phone]
Peel Hunt - Joint Broker               Dan Webster	[phone]
Instinctif Partners Mark Reed George Yeomans David Simonson	[phone]

About Purplebricks

Purplebricks is the leading next generation estate agency in the UK that combines highly experienced and professional Local Property Experts and an innovative use of technology to help make the process of selling, buying or letting so much more convenient, transparent and cost effective. Purplebricks is transforming the way people perceive estate agents and estate agency.

 

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